StarkNet-Based Nostra Introduces $5M for Its Ecosystem
Nostra, a lending protocol based on StarkNet, has declared to introduce Nostra Famiglia Fund with a valuation of up to $5 million. The respective amount has been allocated by the team of Tempus Labs to make advancements in the ecosystem of Nostra. The platform has shared the news on its official account on Twitter.
An Ecosystem Fund of $5M Launched by Nostra
Nostra noted in a tweet that contributors – who add worth to Nostra via the development of integrations and products – will receive grants from the Nostra Famiglia Fund. It added that the funding can also be done through community-building endeavors. In its tweets, it was also mentioned that the venue will welcome the ideas till the time they provide Nostra a considerable value.
The platform moved on to point toward some most preferable categories for the projects to grasp the attention of the contributors. In these subjects code audits, product development, educational and marketing content, workshops, hackathons, events, integrations, as well as applications are included. However, the company disclosed that the entities interested in taking part can file a grant application.
Nevertheless, the venue clarified that the respective application can be filed after the successful launch of Nostra on testnet. Nostra’s creator StarkNet is a scalability solution built on layer 2 with the provision of a high-speed and low-fee environment, coping with the issues related to the mainstream adoption of the decentralized finance (DeFi) sector.
Nostra Welcomes All Ideas Given that They Add Value to the Project
As noted by Nostra, an exclusive application form will be provided by it. The Request For Innovation (RFI) form – dealing with precise grant endeavors – will be made accessible by the firm to everyone looking to participate in the respective fund project. After the submission of the application, the venue asserted, it will be reviewed systematically by the team of Tempus Labs.
A few days ago, a DeFi infrastructure developer – Hashstack – declared its strategic transformation to StarkNet for the deployment of the money-market protocol of Hashstack to enable under-collateralized and secure loans via blockchain. In this way, Hashstack is shifting its focus from Ethereum Virtual Machine (EVM) chains to zero knowledge rollups.
A ZK-rollup is a scalability solution based on layer 2 permitting the blockchains to perform economic and rapid validation of transactions. Hashstack, with this move, targets at constructing the complex infrastructure required to increase the DeFi usability by ten times and utilize crypto to fortify the financial inclusion.
